Chandra Daya Investasi (CDIA) Officially Launches IPO, Shares Open at IDR 190 Each

PT Chandra Daya Investasi Tbk (CDIA), a subsidiary of PT Chandra Asri Pacific Tbk (TPIA), has officially commenced its initial public offering (IPO) today. This new issuer in the logistics infrastructure sector is offering its IPO shares at IDR 190 per share, with a total of 12.48 billion shares being released, equivalent to potential fresh funds of approximately IDR 2.37 trillion.

IPO Pricing Details and Offering Schedule

The IPO price of IDR 190 per share was determined through a bookbuilding process conducted from June 19 to 24, 2025. The total number of shares offered to the public amounts to 12,482,937,500 shares, representing 10% of the company’s issued and fully paid capital.

The share subscription period will take place from July 2 to July 7, 2025. CDIA shares are scheduled to be listed and begin trading on the Indonesia Stock Exchange (IDX) on July 9, 2025. The following is the complete schedule:

IPO Fund Allocation and Expansion Plans

According to the published prospectus, the funds raised from the IPO will be allocated to support business expansion in the logistics and port infrastructure sectors. The allocation breakdown is as follows:

• Approximately IDR 871.75 billion will be allocated to subsidiaries PT Chandra Shipping International (CSI) and PT Marina Indah Maritim (MIM) to purchase new vessel fleets and support marine logistics operations.

• Around IDR 1.48 trillion will be used to expand port and storage facility capacity through PT Chandra Samudera Port (CSP) and PT Chandra Cilegon Port (CCP). This includes the construction of ethylene storage tanks and supporting pipeline networks.

Shareholding Structure and Underwriters

This IPO is supported by several leading underwriters, including BCA Sekuritas, BNI Sekuritas, DBS Vickers, Henan Putihrai Sekuritas, OCBC Sekuritas, and Trimegah Sekuritas.

Recent reports also indicate that CDIA’s IPO was oversubscribed by up to 100 times, with the allocation for retail investors through the pooling allotment portion standing at only around 0.2%.

Market Outlook and Key Notes

The IPO price set near the upper range reflects strong market interest in CDIA’s shares, driven by the growth potential of the logistics and port infrastructure industries. The company’s strategy to allocate IPO proceeds toward core sectors is expected to strengthen cash flow and increase asset value.

However, CDIA’s long-term performance will still depend on the effectiveness of its business expansion, asset management, and the dynamics of the global economy. Retail investors are advised to thoroughly review the prospectus and understand the risks associated with the high oversubscription before purchasing shares through the e-IPO platform, open until July 7, 2025.